Harbour Investments Inc. Buys 4,509 Shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)

Harbour Investments Inc. lifted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 7.5% in the 2nd quarter, Holdings Channel reports. The fund owned 64,287 shares of the company’s stock after acquiring an additional 4,509 shares during the quarter. Harbour Investments Inc.’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $1,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Truist Financial Corp increased its holdings in First Trust Emerging Markets Local Currency Bond ETF by 38.3% during the 4th quarter. Truist Financial Corp now owns 355,773 shares of the company’s stock worth $10,364,000 after purchasing an additional 98,504 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth about $2,385,000. Bridge Advisory LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth about $2,265,000. Cetera Advisors LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 1st quarter valued at approximately $1,173,000. Finally, Private Advisor Group LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 1st quarter valued at approximately $1,153,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of FEMB traded down $0.04 during mid-day trading on Tuesday, hitting $28.53. 35,009 shares of the company’s stock were exchanged, compared to its average volume of 65,229. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.91 and a 52 week high of $30.11. The company has a 50-day simple moving average of $27.71 and a 200 day simple moving average of $27.86.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 21st will be issued a dividend of $0.1325 per share. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.59 annualized dividend and a yield of 5.57%.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies.